Sunday, January 29, 2017

Economy | ‘Handelsblatt’: the Alliance is considering a Takeover of the Australian … – IMAGE

DÜSSELDORF (dpa-AFX) – insurer Allianz <DE0008404005> according to a press report in the Australian industry colleagues, QBE is interested in. The people of Munich were in informal talks, reported the “Handelsblatt” (Monday edition) citing financial circles. Alliance chief Oliver Bäte have taken to have just before Christmas, an intensive exchange with John Neal, CEO of QBE. The conversations were friendly run, even if there were still no concrete acquisition negotiations. The Alliance was not initially be reached for comment.

asked have brought in a range of 15 Australian dollars per share to the conversation. This would correspond to a premium of about 20 percent to the price of 12,33 Dollar, the stock was on Friday trading in Sydney. In total, the Deal would have a Dimension of 20 billion dollars, so the equivalent of about 14 billion euros.

QBE is one of the Top-20 of the industry worldwide and is particularly strong in Australia, new Zealand and in the Asia-Pacific region. Recently, there have been there a number of problems, so that the Management of some areas where I disconnected.


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